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Search Results 0 to 13 of about 14 (some duplicates have been removed)
Oct 9, 2012 5:30pm PDT
and little optimism. >> the world economy recovery continues, but it has weakened further. in advanced economies, growth is now too little to make a substantial dent in unemployment. >> reporter: colleagues cut their forecasts for growth worldwide to 3.3% this year. the recovery has suffered new setbacks, they wrote. and uncertainty weighs heavily on the outlook. >> you can call it a general feeling of uncertainty about the future. worries about the ability of european policy makers that control the euro crisis. there are worries about the failure of u.s. policy makers to agree so far on a fiscal plan. >> reporter: he ran through a list of challenges in developed countries. government spending cuts, a weak financial system, high unemployment. emerging economies such as china drove the recovery from the global downturn, but they have cooled off. >> clearly the downside if the global economy were to slow much more than expected, then additional policy measures will be needed. >> reporter: he said he was encouraged by the easy money policies of many banks and pieces to what he called a co
Oct 5, 2012 6:30pm PDT
see numbers showing there is a widening gap between rich and poor in this country, so the economy could definitely be an achilles' heel, and steinbruck might be in a position to exploit that. he certainly has a lot of financial expertise. the other possible weakness -- that ongoing euro crisis -- angela merkel will be in a tough spot if greece and spain are looking for further bailouts. euro policy also a possible area where she might be susceptible. it will be a very suspense- filled year. >> thanks very much for that. >> we turn to the u.s. now. there is good news this friday for the u.s. jobs market. the unemployment rate dipped below 8% for the first time in four years. >> right now, the figures are about a lot more than just the economy. with one month to go until the presidential election, they are all about politics. >> the latest job numbers were good news for u.s. president barack obama. for the first time since he took office, the unemployment rate fell below 8%. but his challenger, mitt romney, had a different take on the figures. he says they are actually a sign that t
Oct 8, 2012 5:30pm PDT
. but still poses a threat to the global economy. >>> analysts a at the world bank have cut their forecasts for growth in east asia. they say china's slowing economy will have a weakening effect across the region. the bank's latest report projects 7.2% growth this year across 14 countries. that's 0.4 percentage points lower than the forecast in may. the region includes china but not japan. the report says china's domestic demand is sluggish and says europe's credit crisis has hurt exports throughout the region. world bank analysts say growth in east asia will rise to 7.6% next year. they say china will pick up steam and demand will grow in southeast asia. they're also being cautious. they know continuing risks to east asian economies. >>> members of the nobel committee have honored two men who they say revolutionized our way of understanding how cells and organisms work. shinya yamanaka proved cells can be changed into immature stem cells which can then be used to form all the tissues of the body. >> the nobel society has today decided to award the nobel prize in physiology or medicine 2012
Oct 9, 2012 2:30pm PDT
greeks seem to be ungrateful to boot.% >> thanks very much for that. -- and grateful to -- the economy is shrinking at a rapid rate of 6.5%, so how are company's managing to keep their head above water at all? here is one example. and he urgently needs new foreign customers. domestic sales have collapsed by 80%, but the engineer is finding it harder than anticipated to do business abroad. right now, he is trying for a foothold in india. >> even the farthest indiana backwater we try to sell to has heard of the crisis. people get the information from the internet and local media. they hear about the crisis and naturally, they have reservations. >> hydraulic presses to form metal are just one of the products this firm turns out. he is sure his company will survive, and he is determined to become a poster child for the eu and imf's insistence on exporting, but he does not think many other creek companies will manage that. >> it is simply very difficult for a company to establish itself abroad on short notice. you have to set up offices there as well as a lot of other things. a lot of compa
Oct 8, 2012 2:30pm PDT
but the question remains how and when the economy will start to get in gear again especially in countries like spain, italy, and france. it is why the introduction really did not inspire on the stock trading floors this monday. >> we will have more on the implications later in the show with reports on portugal and greece. for now, a closer look at the market numbers. the dax 1.5% down. stoxx 50 closing at 2496. the dow is down just a tad. the euro is trading to $1.2966. consolations between china and the u.s. have seen better days. the u.s. has released a report saying that americans have -- should not do business with communications companies. >> the report follows an 11- month investigation into two companies. >> legislators in washington fear foreign telecom companies could pose a threat to u.s. national securit. it says firms could use their business in the u.s. to install software to is by an ounce -- spy on u.s. infrastructure. they named two companies and they believe they should be wary of huawei and zte. the two companies deny the allegations and have the support of the chinese govern
Oct 11, 2012 2:30pm PDT
economy. spain's credit rating has slumped to bbb-, one notch above junk status. the outlook remains negative. stated and poor's cited the lingering recession and high unemployment -- standard and poor's cited the lingering recession and high unemployment. >> we are adhering to our timetable and meeting our deficit targets. we will not change our policies or our targets. >> spain rejects imf's suggestions that it needs more time to stabilize its economy. some analysts say the delay in asking for aid is worrying markets. member the pressure to ask for a bailout is making the country suffered. nobody wants that. not germany, nor spain. that alone could put us closer to a bailout. >> the spanish government says it will consider applying for aid once it has explored all options and conditions. >> despite the bad economic news in europe, germany's traders were in an optimistic mood. we have this report from the frankfurt stock exchange. >> germany is getting prepared for economic weakness. in other places of the world, signs of recovery are coming up. better than expected economic data fr
Oct 12, 2012 2:30pm PDT
the european economy for seven or eight years. the year also helped to tackle the financial crisis. >> is instability in the political system weakening the currency. what we need is a political union to overcome this and stability. >> shultz believes the future is in more europe rather than less, a stronger european and union and the commission will become a government in its own right with the european president and minister. >> can i guarantee my children the same quality of life i have today? i vision is yes. that's what i want. it will not happen if we split into separate entities. >> it is the members of big nations and the umpires that count. china, u.s., brazil, india, japan. >> this union needs the euro. if the single currency collapses it could have unforeseen problems they want to avoid. the eu is unlikely to abandon the euro anytime soon. >> europe has come a very long way in the last six years. >> the nobel committee said they wanted to focus not on the currency conundrum but on the six decades of peace and prosperity that europe has achieved. >> a united europe banned
Oct 10, 2012 5:30pm PDT
of an impact will this be having on the global economy? >> this is the continuous concern for us because food prices hit the poor directly and immediately. that is why we have already in the past three years put the food price as the highest priority to address. the policy for many countries in order for them to protect the poor is to build the social safety net. that is the first immediate response that needs to actually become the highest priority. the medium and long term is more how to invest more on increasing productivity and that has become a very tough issue because a lot of developing countries has not become organized. it will change the land for agriculture so irrigation, producttivity in seed and productivities is also needed. >> another thing we are seeing is high unemployment among the younger generation around the world. how concerned are you about this trend? >> we are very concerned. in fact the report this year is actually about job. in the next decade we need to create 600 million new jobs especially for a country with a younger demographic composition. like us here, subsah
Oct 12, 2012 5:30pm PDT
of the eu and other organizations to push back a deadline by two years. he said the greek economy is likely to shrink next year for the sixth year in a row. he says more austerity would throw the economy off balance. greece's unemployment up 25% in july. he said governments will privatize state-run firms to revive economy and create jobs. >>> the u.n. and arab league peace push is back in the middle east. to try to find a revolution with the syrian war. he began by meeting king abdullah. he is believed to have asked the king not to intervene excessively. supporters and opponents of syrian president bashar al assad are fighting in cities of aleppo and homs. landed in a town in turkey and killed five people. turkey's troops have retaliated by firing into syria. to continue his tour in turkey and egypt. he hopes to go to syria next week and meet president assad. >>> now here's the three day world weather forecast. >>> that concludes this edition of "newsline." i'm keiko kitagawa in tokyo. thank you for joining us. .
Oct 5, 2012 5:30pm PDT
the president is re-elected or not. i don't think this radically changes people's views of where the economy is. so i think the -- this will not be the decisive factor in the election. >>> japan's imperial family may be in for big changes. have to give up their titles when they marry commoners. government leaders are worried that the family could eventually become too small. so they're studying the pros and cons of letting imperial daughters keep their status when they tie the knot. government leaders asked experts to propose ways to stop the imperial family from slihrinkin. for those to start their own branches of the family. they say they need to consider whether they would consider on the husbands and children. some others offer another approach. the suggest making imperial daughters leave the family but carry on performing official duties. more than 1/3 of the imperial family members are young, single women. the emperor's only grandson was the first male child in 41 years. the emperor is gravley concerned about the prospect of a shrinking family. government leaders plan to find out what ord
Search Results 0 to 13 of about 14 (some duplicates have been removed)